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Dave, I pretty much finished this EA, except for a couple things at the end, but when I ran it on the eurjpy for this month, it didn't open a single trade. So I was looking at where you showed that sell on your first example and realized that there is something wrong. Either that wasn't really supposed to be a trade or I am misunderstanding your rules. In post #49 you said the price has to be atleast 6 pips from the top and bottom (thus putting the price somewhere in the middle) and then in post #54 you said it was talking about the current cycle and not the previous cycle. The current cycle would have been 11 pips from top to bottom, meaning that there was for sure never a time that the price was 6 pips above the bottom and 6 pips below the top of the current cycle. Also, there were 12 ticks with it moving down 11 pips, which tells me that it is very unlikly that it would have gone all the way down and back up to the mid point and then back to the bottom by time the bar closed.
Anyway, I must be misunderstanding something in the rules, because this is not working at all on the EA. Perhaps when you said the current AO cycle you meant the cycle that just finished? That's kind of what your picture looks like, but it's not what you told me, so I don't know.
I'm sorry about this misunderstanding. Yes, I was talking about the cycle that just finished as you mentioned it in your last pargraph and as Wooky explained it in the next post.
I run this method manually, it shown very good sclaper indicator. But i need to stair in front pc most of the time to sclap some pips. As so far using 20 lot per order my ac increase from 780 to 2040...not to bad .
I'm finally back, I didn't have an opportunity to trade in the last 2 days but I did watch it. We had big moves in the eurjpy and gbpusd, if someone where to follow this system they would have made a good few 100 pips in just these 2 days.
The biggest problem with this system is like ruparaw pointed out here, that you need to be in front of the screen all day to catch it. This is the main reason, why an EA is called for. Its hard to imagine how one would ignore a system like this which could have made you 500+ pips (from Eurjpy and GU) profit just this week alone!
It would be wise to avoid too fast market and too slow.
Wookey, while I was away I thought of exactly this point that you made here. I'd like to add a rule, that if the first AO bar appeared when the ATR was over 0.08 we do not enter even if by the time the 2nd bar appears the ATR is back in normal range. The same applies if the first bar had a candle of 8 pips we don't enter this trade. These rule safeguards you from a quick move like you mentioned. In regards of prevention from slow moves, don't we already have the rule of below 0.02 ATR; are you suggesting here you have a new idea?
actually i really like scalping, but my broker doesn't....
and your thread is good Dav, i like it...
Keep on moving and thanks for this thread, i'll study it...
When you and Willis11of12 are finished writing the EA I'd be very interested in purchasing it, that is if you plan to sell it in any way. All the best and good luck,
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